The private motor insurance market shows no signs of shifting from its highly competitive state. This brief outlines how the top insurers are performing by examining their GWP and market shares and providing an analysis of their performance ratios, examining losses, and expense ratios. Finally this brief will look at recent developments and strategic trends among insurers.
Gage the performance of the top private motor insurance underwriters in terms of their gross written premiums and combined operating ratios.
Ensure your strategy differentiates from your competitors in this market.
Gain insight into the major developments in the competitive landscape and how players are developing their propositions.
Reasons To Buy
Which companies were the top players in the private motor insurance market in 2012?
How have insurers developed their propositions?
How profitable were the top private motor insurers in 2012?
2012 saw the top 10 insurers shuffle their rankings, largely due to the fact that several insurers reduced their GWP as opposed to achieving significant growth. Aviva achieved the highest growth rate in 2012 with an increase in GWP of 5.7%, but it remains a long way from knocking DLG off the number one spot.
In 2012 Aviva, the second largest private motor insurer, broke the 100% barrier and delivered a respectable COR of 98.7%. The insurer furthermore improved its loss ratio from 85.3% in 2011 to 79.8% in 2012, while its administration expense ratio is now the lowest among the top 10 insurers.
Co-operative Insurance had a difficult year in 2012, with its COR increasing by 20.1 percentage points on 2011 to an unhealthy 135.7%. This was mainly due to a significant rise in its loss ratio from 95.2% in 2011 to 107.2% in 2012.
Single User License:
Corporate User License:
select a license
NEWSLETTER BY CATEGORY
An excellent provider. Thorough, precise and outstanding insight. They drill down to what we need and their reports are effective at integrating text with supporting graphics and charts. Their reports are a great resource to go back too. ... "General Manager SBU Manufacture, PT. KIMIA FARMA, TBK"
Coherent, high-quality, thoroughly-researched reports. We received a very quick response to all our queries which eventually expedited the entire process.... "VP Innovation, Engineered Profiles LLC"
Well structured, the insights they shared with us were very helpful and reliable. Their timely assistance make their services invaluable to us. I would highly recommend them and would definitely use them again in the future if needed... "President, VPP E-Data Services, VPP E-Data Services"
The report sent to us was on the point, and its information was quite extensive, well structured, and well researched. More importantly what we valued was your response time and professionalism. As a leading global consulting firm, our clients expect high quality deliverables in short periods of time, so a reliable research partner is essential. For the price that you have charged the quality of your services were exceptional. We look forward to continue our relationship with your team on future engagements.... "Senior Associate, Booz Allen Hamilton"
This is with regards to your report on India PVC pipes and fitting market outlook industry outlook to 2019. This is a very well written report and accept my compliments on the same.... ... "Mohit Mittal, Consultant, KPMG Advisory Services"